Sony hack: Staff comments reveal how much they hate Adam Sandler – who joins Drew Barrymore, Eddie Murphy, Denzel Washington and Tom Cruise in Forbes’ Most Overpaid Hollywood Actors list 2014 December 5, 2014 Sony Pictures Entertainment employees are really annoyed that Adam Sandler gets paid so much. The media giant was hacked last week and those responsible – rumoured to be working for North Korea, though this has been denied – have dumped a load of information ranging from the pay of some of its stars to [...]
Sony to end $277m Fifa sponsorship November 25, 2014 Fifa’s $35m annual income from Sony’s sponsorship could be about to come to an end, as the Japanese tech giant opts not to renew its contract with football’s governing body. According to leading Japanese business paper Nikkei Asian Review, Sony will shift sponsorship funds towards completing structural reforms after deciding not to extend its [...]
Sony share price plummets on profit warning September 18, 2014 Shares in Sony fell by 12 per cent to ¥ 1,865.5 (£10.50) at the start of trading in Tokyo last night, following the release of a profit warning by the consumer electronics giant. It said that losses for the year ending March 2015 could reach as high as £1.32bn, which is four times bigger [...]
Sony heads for deeper loss on phone sales September 17, 2014 SONY cut its profit forecast for the sixth time on boss Kazuo Hirai’s watch yesterday after revealing a huge 180bn yen (£1bn) impairment charge on its struggling smartphone unit. The Japanese consumer tech giant widened its net loss forecast to 230bn yen for the year ending 31 March from a previous forecast of a 50bn [...]
Sony issues profits warning after £1bn mobile write-down September 17, 2014 Sony has issued a profits warning this morning, after being hit by a 180bn yen (£1bn) impairment charge for its mobile phone division. The tech giant has forecast a loss of 230bn yen for the year to March 31 – far greater than the 50bn yen loss it was predicting previously. Estimates for an [...]
Bomb scare diverts Sony chief’s flight as PlayStation and Xbox hit by cyber attack August 25, 2014 An American Airlines flight carrying a Sony executive was diverted after a bomb scare yesterday, in the wake of a cyber attack that took the Japanese electronics giant’s online gaming service down over the weekend. The attack, which started on Sunday, took down Sony’s PlayStation network by overwhelming it with traffic, but the company said [...]
Sony is spending £200m so you can take better selfies July 24, 2014 Sony is planning to spend an additional £200m to increase production of the technology found in cameras and used for taking selfies. The Japanese electronics firm is upping production of its CMOS image sensor which is already found in the rear cameras of Apple’s iPhones and other smartphones. Device makers tend to make smartphones with [...]
Sony boss Kazuo Hirai says sorry but rules out selling entertainment arm June 19, 2014 Sony had no intention of spinning off its more successful entertainment division, chief executive Kazuo Hirai told shareholders at its annual meeting yesterday. Hirai apologised to investors for not meeting shareholder expectations and said he would plough on with restructuring efforts in a bid to return the Japanese electronics firm to profit. The firm forecast [...]
Sony boss won’t spin off entertainment division June 19, 2014 Sony will not spin off its more successful entertainment division chief exec Kazuo Hiarai told shareholders at its annual meeting yesterday. Hirai apologised to investors for not meeting shareholder expectations and said he would plow on with restructuring efforts in a bid to return the company to profit. The electronic company forecast another year of losses, [...]
Sony overtakes Nintendo in hardware sales June 9, 2014 SONY has overtaken Nintendo in the number of video games consoles sold last year for the first time since 2005. Nintendo sold 16.3m consoles during the year ending March, down 31 per cent year-on-year, while Sony – buoyed by the launch of its fast-selling PlayStation 4 – sold 18.7m consoles during the year, down 20 [...]